Editor’s Observe: In at present’s visitor article, Head Commerce Tactician Bryan Bottarelli of Monument Merchants Alliance reveals his prime worth inventory for the brand new 12 months.
This inventory simply hit a key resistance stage, making it a first-rate worth play.
And if one among your New 12 months’s resolutions is to enhance your portfolio returns, learn on…
– Rebecca Barshop, Senior Managing Editor
Proper now, the highest potash supplier in america is buying and selling at a key help stage.
This might be one of the vital firms in 2023.
And as I’ll clarify beneath, now could be the time to purchase.
Right here’s the scenario…
Primarily based in Tampa, Florida, The Mosaic Firm (NYSE: MOS) produces and markets concentrated phosphate and potash crop vitamins. It operates by three segments…
- Phosphates
- Potash
- Mosaic Fertilizantes.
As I’m certain you already know, phosphate and potash are used for fertilizer.
Actually, Mosaic is the most important producer of potash and phosphate fertilizer within the U.S.
It’s a pure play on essential want.
In September 2020, a report revealed in Nature warned that soil erosion may irritate the worldwide scarcity of phosphate – which is required to assist develop crops.
And now Russia’s invasion of Ukraine poses extreme challenges for the worldwide fertilizer market.
That’s why Mosaic is one among my prime picks for 2023.
What’s extra… the inventory is reasonable.
Very low-cost.
As of this writing, it’s buying and selling at simply 4.9 occasions ahead earnings. Which means it’s very, very undervalued.
It additionally enjoys robust revenue margins – with a return on fairness of over 33%.
Better of all, the inventory is buying and selling proper at a key help stage of $45, which has held relationship again to September.
Now’s the time to purchase.
Backside line: Fertilizer is a essential want. And shopping for the highest potash supplier at $45 help may set you up for one among your largest winners of 2023. That’s why Mosaic is my prime undervalued inventory decide for 2023 – however solely at these ranges!